Canary Wharf Group, the London Docklands property developer, has offered to buy back £185m of its securitised debt from bond holders at discounts of up to 85% of face value to take advantage of prices being offered on illiquid corporate debt. Canary Wharf Finance II, the securitisation through which £2.5bn of bonds have been issued, on Thursday offered to repurchase bonds at substantial discounts from holders in three classes of notes.

This entry was posted by Gwen Robinson on Friday, April 3rd, 2009 at 4:45 and is filed under Capital markets. Tagged with Canary Wharf. Edit this entry.